Tuesday, 12 January 2010

Dax this morning

I though you would all like to see how a Professional Trader looked at the 3min DAX this morning ?

The day started with a nice 5-wave decline, with the low unfolding at a high volume (VSA) bar at the minimum Wave 5 WPT. The trade here was into the DP (from the prior Wave 4 high).

The result was a nice +2.4R Profit approx. (ignoring slippage and commission) as a good looking TS4 sell came in
Thanks, Steve